The elastic bonding adhesive & sealant market, along with its end products, has witnessed a high growth in the past few years. This is projected to remain the same in the next five years, especially in the European and North American regions. Leading manufacturers and their strategies to balance the current demand-supply issues and newer applications developments across the vertical industries are expected to be the key influencing factors in the market. The industry is expected to increase its emphasis on the use of eco-friendly diverse applications of elastic bonding adhesive & sealant that is expected to significantly drive its consumption in the next five years.

There is lesser demand for elastic bonding adhesive & sealant as compared to the European & the North American region, but this region is expected to have the highest growth rate and dominate in the next five years. This is due to the rising awareness of the advantages & higher performance characteristics of adhesives & sealants & increasing applications in the end-user segments, introduction of newer applications, technological advancements, and the high growth of end-user industries such as automotive, glazing, flooring, appliances & white goods

The most important application industry is construction adhesive. It held more than 37% of the overall demand in terms of volume in 2014. Elastic bonding adhesive & sealants are used to increase performance, binding strength, elasticity, and durability must fit in with the use of natural, renewable, recyclable and biodegradable adhesives in end-use applications. Automotive & glazing application industries are the main potential segments in the market with superior growth in the next five years.

This study basically aims to estimate the global market for 2015 and project the expected demand of the same by 2020. This market research study provides a detailed qualitative and quantitative analysis of the global market. Various secondary sources, such as industry journals, directories, and other paid databases have been used to identify and collect information useful for this extensive commercial study of the elastic bonding adhesive & sealant market. Primary sources, experts from related industries and suppliershave been interviewed to obtain and verify critical information and to assess the prospects of elastic bonding adhesive & sealant.

Competitive scenario of the top players in the elastic bonding adhesive & sealant market has been discussed in detail. The leading players of this industry, with their recent developments and other strategic industry activities, have been profiled. These include the key elastic bonding adhesive & sealant manufacturers, such as Henkel Corporation (Germany), Sika A.G. (Switzerland), Bostik (France), Dow chemical Company (U.S.), 3M (U.S.), H.B. Fuller (U.S.), Wacker Chemie (Germany), Weicon GmbH & Co. KG (Germany), Cemedine (Japan), ThreeBond Group (Japan), and others.

Scope of the report:

This research report categorizes the global market for elastic bonding adhesive & sealant on the basis of its applications and regions, along with forecasting volumes, values, and analyzing trends in each of the submarkets.

On the basis of types:

The market is segmented on the basis of its types, such as Polyurethane, Silicone, SMP, & Others.

On the basis of applications:

The market is segmented on the basis of its applications, such as Construction Adhesive, Construction Sealant, Industrial Adhesive, & Industrial Sealant.

On the basis of regions:

A detailed segmentation is done for elastic bonding adhesive & sealant for the key regions that include Asia-Pacific, North America, Europe, and RoW and further for the important countries in each region.

The global elastic bonding adhesive market, along with its end products, had witnessed an intense growth in the past few years. This growth is estimated to continue in the next five years. Majority of the demand comes from the developed economies, such as the U.S., Germany, the U.K., and China are the major consumers as per the current market dynamics. The demand for elastic bonding adhesive & sealants is backed by the introduction of newer applications, technological advancements, and the high growth of end-user industries such as automotive, glazing, flooring, appliances & white goods. The stabilizing world economy plays a big role in the increasing demand for elastic bonding adhesive & sealant. The construction industry which was facing a great slag in the past five years has revived, with this revival all the pending projects & prefabrications are expected to take a boom in the next five years. The stabilized economic growth allows consumers to increase their spending power, in turn pulling the demand for elastic bonding adhesive & sealant.

Currently, Europe is the largest consumer of elastic bonding adhesive & sealants. Among all the countries in this region, Germany and the U.K. are the important consumers of elastic bonding adhesive & sealants. Germany held the largest share of nearly 32% in the regional consumption in terms of volume in 2014. The market size in terms of volume is comparatively low in the RoW, but is estimated to have a developing CAGR between 2015 and 2020.

More than one third of the total elastic bonding adhesive & sealants demand in 2014 was demanded by construction adhesive application industry. This is due to the rising awareness of the advantages & higher performance characteristics of adhesives & sealants & increasing applications in the end-user segments.

European and North American regions are the most active markets in terms of strategic initiatives, owing to their mature market demands. The superior end-user industry growth, amplified local manufacturing, and increased number of domestic players in vertical market segments, such as flooring, on-site operations, automotive, glazing, and others applications globally are the important drivers in terms of consumption of elastic bonding adhesive & sealants.

The market is majorly dominated by the polyurethane & silicone adhesives & sealants, capturing more than three fourth of the market in 2014. The SMP adhesives & sealants have a smaller market but are having the highest potential for growth in the next five years.

This report covers the elastic bonding adhesive market by key regions and important countries in each region. It also provides a detailed segmentation of the elastic bonding adhesive & sealants market on the basis of applications, along with its projection till 2020.

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